DIS - 2 Top Stocks Down Between 47% to 84% to Buy Now
2023-10-27 07:00:00 ET
When shares of industry-leading companies fall well off their highs, it can be a great opportunity to buy them before better news sends them higher. The trick is to be certain the company has something that consumers want, which is reflected by growing revenue.
Walt Disney (NYSE: DIS) and FuboTV (NYSE: FUBO) could be great candidates. Since the end of calendar 2021, Disney's revenue has continued to grow, primarily driven by growth at theme parks and growing subscriptions for its streaming services, including Disney+. Meanwhile, live TV streaming service fuboTV has benefited from the cord-cutting trend, which has sent revenue and subscriber numbers surging.
These companies are experiencing growing demand for their products, but Wall Street hates these stocks because they are not converting their revenues into healthy profits. Here's why that could change.
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2 Top Stocks Down Between 47% to 84% to Buy Now